In earlier posts I highlighted a barrier option on EURJPY at 127.00
We've been down to 127.02 as the yen safe-haven demand continues and yen shorts bail out but we're currently back up to 127.26
EURUSD has found support at 1.0720 where we have bids and USDJPY at 118.26. Ryan also highlighted further support into 118.00 here. Both pairs have bounced to post 1.0759 and 118.40 respectively.
This is a classic example of one cross-pair influencing flows and price action on another, something which we post on regularly here.
It may not always be the whole reason for a move/reversal, same with the vanilla option expiries each day, but it's part of the whole market process and flow.
It always pays to look up, look around and see what else is going on.
